6. DEPOSITS

The aggregate amount of time deposits in denominations of $100,000 or more at December 31, 2011 and 2010 was $759.9 million and $321.5 million, respectively. Included in time deposits of $100,000 or more were $300.0 million and $200.0 million in California State Treasurer's deposits at December 31, 2011 and 2010, respectively. The California State Treasurer's deposits are subject to withdrawal based on the State's periodic evaluations. The Company is required to pledge eligible collateral of at least 110% of outstanding deposits. At December 31, 2011 and 2010, securities with carrying values of approximately $368.6 million and $268.3 million, respectively, were pledged as collateral for the California State Treasurer's deposits.

At December 31, 2011, the scheduled maturities for time deposits were as follows:


	Year Ended December 31
	(In thousands)
2012	$	1,276,723
2013		230,870
2014		8,969
2015		3,248
2016 and thereafter		1,291

	$	1,521,101

Interest expense on the deposits is summarized as follows:


	2011		2010		2009
	(In thousands)
Money market and other	$	6,322	$	6,374	$	8,948
Savings deposits		2,945		3,274		3,948
Time deposits		10,978		18,234		37,740

	$	20,245	$	27,882	$	50,636